Minimizing State Income Tax Using Trusts

Jeffrey C. Wolken |
Emerald GEMs

February 9, 2021—Many people are familiar with personal trusts because they are common estate planning vehicles. However, a lesser known fact is personal trusts may also be used to minimize state income tax liabilities. By holding your wealth inside a trust, you may limit the ability of your home state to tax the trust’s income. In today’s podcast, National Director of Delaware Trust Planning, Jeff Wolken, discusses the steps you can take to mitigate state income tax.

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Top 6 Positive Planning Strategies in a Challenging Environment

Alvina H. Lo |
Wealth Planning
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Although we are facing many challenges on the health, economic, and market fronts, we would be remiss not to explore the positive ways that your estate plan can benefit from low interest rates and depressed asset values. There are several wealth and estate planning strategies that are particularly attractive in this kind of climate.

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